Jefferies Group Weighs in on RWE AG’s FY2018 Earnings (RWEOY)
RWE AG (OTC:RWEOY) – Investment analysts at Jefferies Group boosted their FY2018 EPS estimates for shares of RWE AG in a research note issued to investors on Friday. Jefferies Group analyst A. Farman now expects that the company will earn $1.85 per share for the year, up from their previous estimate of $1.71. Jefferies Group also issued estimates for RWE AG’s FY2019 earnings at $1.92 EPS and FY2020 earnings at $2.42 EPS.
Several other equities research analysts also recently issued reports on RWEOY. J P Morgan Chase & Co downgraded shares of RWE AG from an “overweight” rating to a “neutral” rating in a research note on Monday, March 27th. Deutsche Bank AG upgraded shares of RWE AG from a “hold” rating to a “buy” rating in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) upgraded shares of RWE AG from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Finally, HSBC Holdings plc upgraded shares of RWE AG from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy”.
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RWE AG (RWEOY) traded down 1.34% during midday trading on Monday, reaching $22.16. 9,772 shares of the company were exchanged. The company’s market capitalization is $13.62 billion. RWE AG has a 52-week low of $11.55 and a 52-week high of $22.59. The company has a 50 day moving average of $19.36 and a 200-day moving average of $15.54.
About RWE AG
RWE AG (RWE) is a holding company. The Company is a supplier of electricity and natural gas in Europe. The Company is engaged in production of lignite and electricity generation from gas, coal, nuclear and renewables, to energy trading and distribution, and the supply of electricity, gas and other solutions.
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